India Inc's foreign borrowings fall 9% to $2.81 bn in February; Oil India, IOC, Shriram Transport Finance among major borrowers
5 years, 9 months ago

India Inc's foreign borrowings fall 9% to $2.81 bn in February; Oil India, IOC, Shriram Transport Finance among major borrowers

Firstpost  

The entire fund mop-up during the month was done through the automatic route of ECB, showed the RBI data. Mumbai: India Inc’s borrowings from foreign markets fell to $2.81 billion in February, down by 9 percent as compared to the year-ago month, data from the Reserve Bank of India showed on Friday. Among the major borrowers were Oil India Ltd, Indian Oil Corporation, Shriram Transport Finance Company and Mahindra & Mahindra Financial Services. Tata Capital Housing Finance raised $200 million for on-lending, HPCL Rajasthan Refinery $140.71 million for new project investment, and Barclays Global Services Centre Pvt Ltd $130.11 million for new project.

India Oil Million Rbi Ecb  fall  month  ecb  rbi  ioc  oil  raised  major  transport  foreign  route  capital  showed  incs  finance  services  india  shriram  million

History of this topic

Bank of India seeks first dollar syndicated loan worth $400 million in more than a decade: Report
1 day, 18 hours ago

Bank of India seeks first dollar syndicated loan worth $400 million in more than a decade: Report

Live Mint  

Bank of India said it is marketing its first dollar syndicated loan since 2012 of as much as $400 million. The lender is raising the loan — split into three- and five-year tranches — via its branch located in Gujarat International Finance Tec-City, Rajesh V Upadhya, company secretary at Bank of India said in an email reply to a Bloomberg …

FPIs on selling spree: ₹22,000 crore withdrawn from Indian equities in January
Trending News
2 days, 3 hours ago

FPIs on selling spree: ₹22,000 crore withdrawn from Indian equities in January

Live Mint  

Indian Stock Market: Foreign portfolio investors are reluctant to pause their selling streak in Indian markets, even after withdrawing substantial funds in the previous calendar year. Other factors weighing on investor sentiment include rising crude oil prices, subdued expectations for Indian Inc.'s Q3 performance, a slowdown in the Indian economy, uncertainties surrounding Donald Trump's economic policies, and the ongoing tensions …

India's forex reserves drop by USD 8.478 billion to USD 644.391 billion
2 weeks, 5 days ago

India's forex reserves drop by USD 8.478 billion to USD 644.391 billion

India TV News  

The country's forex reserves dropped by a further USD 8.478 billion to USD 644.391 billion for the week ended December 20, the RBI said on Friday. In the previous reporting week, the reserves had dropped by USD 1.988 billion to a six-month low of USD 652.869 billion. For the week ended December 20, foreign currency assets, a major component of …

India's forex reserves drop USD 1.98 billion to USD 652.86 billion
3 weeks, 5 days ago

India's forex reserves drop USD 1.98 billion to USD 652.86 billion

India TV News  

India's forex reserves dropped by USD 1.988 billion to USD 652.869 billion for the week ended December 13, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had dropped by USD 3.235 billion to USD 654.857 billion. For the week ended December 13, foreign currency assets, a major component of the reserves, decreased …

Foreign investors buy $1 billion of Indian bonds on bets of policy easing after GDP data
1 month, 1 week ago

Foreign investors buy $1 billion of Indian bonds on bets of policy easing after GDP data

Live Mint  

Foreign investors have stepped up buying of Indian government bonds in the last four sessions, after weaker-than-expected economic growth data last week spurred expectations of monetary policy easing by the central bank. Foreign investors heavily sold bonds for most of November, as U.S. yields remained elevated after Donald Trump's victory in the presidential election raised doubts about the Federal Reserve's …

India’s foreign exchange reserves decline for eighth consecutive week
Trending News
1 month, 2 weeks ago

India’s foreign exchange reserves decline for eighth consecutive week

Live Mint  

New Delhi, December 1 : India's foreign exchange reserves slumped for an eighth consecutive week to hit a multi-month low of USD 656.582 billion in the week that ended on November 22, data from the Reserve Bank of India showed. The latest RBI data showed that India's foreign currency assets, the largest component of forex reserves, stood at USD 566.791 …

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why
1 month, 3 weeks ago

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why

Live Mint  

India's foreign exchange reserves fell to a more-than-four-month low last week, marking the sharpest weekly fall on record, dragged by a stronger US dollar following the US election verdict. It also indicated the Reserve Bank of India likely sold dollars in the market to support the local currency and limit its further decline after it dropped to a record low …

India rupee to lean on central bank help; bonds to track US peers
1 month, 4 weeks ago

India rupee to lean on central bank help; bonds to track US peers

Live Mint  

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Nov 18 - The Indian rupee will rely on the central bank's help to counter headwinds this week, as the possibility of slower Federal Reserve interest rate cuts and expectations surrounding Donald Trump's policies boost the dollar and U.S. bond yields. A sharp rise in the dollar and elevated U.S. bond yields since …

Foreign investors pumped ₹33,600 crore in Indian equity in July amid continued policy reforms and good earnings season
5 months, 2 weeks ago

Foreign investors pumped ₹33,600 crore in Indian equity in July amid continued policy reforms and good earnings season

Hindustan Times  

Foreign investors injected over ₹33,600 crore into Indian equities so far this month on the expectation of continued policy reforms, sustained economic growth and a better-than-expected earnings season. Foreign investors injected over ₹ 33,600 crore into Indian equities so far this month However, they pulled out over ₹7,200 crore from equities in the last three trading sessions after the government …

Foreign portfolio investors invest ₹26,565 crore in Indian equities in June
6 months, 2 weeks ago

Foreign portfolio investors invest ₹26,565 crore in Indian equities in June

The Hindu  

After two months of net outflow, foreign investors turned buyers in June, infusing ₹26,565 crore in Indian equities, driven by political stability and a sharp rebound in markets. According to the data with the depositories, Foreign Portfolio Investors have made a net infusion of ₹26,565 crore in equities this month. Geojit Financial Services Chief Investment Strategist V. K. Vijayakumar said …

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable
11 months, 1 week ago

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable

The Hindu  

“With India’s current account deficit declining sharply to 1% of GDP in Q2:2023-24 from 3.8% in Q2:2022-23,” RBI Governor Shaktikanta Das on February 8 said going ahead, the net balance under services and remittances would remain in large surplus, partly offsetting the trade deficit. Moreover, with around 10.2% share in world telecommunications, computer and information services exports, India is a …

Foreign Portfolio Investment in Indian equities drop 11% to $542 bn in January-March quarter
1 year, 7 months ago

Foreign Portfolio Investment in Indian equities drop 11% to $542 bn in January-March quarter

The Hindu  

The value of Foreign Portfolio Investment in Indian equities was at $542 billion in the March quarter of 2023, a decline of 11% from the preceding year, largely due to the exodus of foreign money from the domestic market, according to a Morningstar report. On a quarter-on-quarter basis, the value of FPI in Indian equities fell by 7% from $584 …

India's foreign exchange reserves rise USD 4.5 billion to USD 588.78 billion
1 year, 8 months ago

India's foreign exchange reserves rise USD 4.5 billion to USD 588.78 billion

India TV News  

Business news : India's foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India's data. During the prior week ended on April 21, the foreign exchange reserves fell by USD 2.16 billion to USD 584.24 billion. Coming back to RBI's latest data, India's …

Foreign investors buy Indian equities in December first half, despite stock slip
2 years ago

Foreign investors buy Indian equities in December first half, despite stock slip

Live Mint  

Foreign portfolio investors bought Indian shares worth 90.17 billion Indian rupees in the first half of December, despite the country's benchmark indexes coming off record high levels on hawkish commentary from global central banks, data showed. Between Nov. 16 and Nov. 30, when benchmarks rose to record high levels, foreign fund inflows logged 73.5 billion rupees. This is a pivot …

Foreign investors sell $500 million of India govt bonds in two days
2 years, 2 months ago

Foreign investors sell $500 million of India govt bonds in two days

Live Mint  

Foreign investors have sold Indian government debt worth nearly $500 million in the past two sessions, with the so-called FAR bonds bearing the brunt of a selloff that traders note is ahead of the Federal Reserve's policy decision and crucial U.S. data. These investors have net sold bonds worth ₹4,110 crore over Friday and Monday, CCIL data showed, with more …

India Inc's Overseas Direct Investment Drops 59% at $1.03 Billion in August: RBI Data
2 years, 3 months ago

India Inc's Overseas Direct Investment Drops 59% at $1.03 Billion in August: RBI Data

News 18  

India Inc’s investment in their overseas ventures dropped by 59 per cent on an annual basis to $1.03 billion in August this year, data from Reserve Bank showed on Friday. The RBI data on Outward Foreign Direct Investment for August 2022 showed that the total financial commitment by the domestic firms was worth $1,027.67 million in August 2022-23. Among the …

DC Edit | FM’s India Inc investment call raises hard questions
2 years, 4 months ago

DC Edit | FM’s India Inc investment call raises hard questions

Deccan Chronicle  

Union finance minister Nirmala Sitharaman’s outburst at a meeting in New Delhi about the poor investment by Indian companies is one of rare occasions where the Narendra Modi government has acknowledged pain points in the Indian economy. The finance minister spoke of foreign companies, which are moving out of China, want to come to India because of the government’s policies …

India Inc is losing appetite for offshore debt
2 years, 6 months ago

India Inc is losing appetite for offshore debt

Live Mint  

The pandemic-era overseas borrowing boom by Indian companies has started to slow as interest rates rise, the currency weakens, and the appetite for emerging market bonds diminishes. Measures announced by the Reserve Bank of India easing overseas borrowings by companies, including doubling the annual limit under the automatic route to $1.5 billion and raising the all-in cost cap for foreign …

RBI eases overseas borrowing to spur forex inflows
2 years, 6 months ago

RBI eases overseas borrowing to spur forex inflows

The Hindu  

The Reserve Bank of India on Wednesday announced a slew of temporary measures aimed at boosting foreign exchange inflows, including a doubling in the overseas borrowing limit for eligible corporates and removal of interest rate ceilings for NRIs’ foreign currency deposits. “It has been decided that with effect from the reporting fortnight beginning July 30, incremental FCNR and NRE deposits …

India Inc's foreign borrowings jump 24% to $9.23 bln in March
3 years, 8 months ago

India Inc's foreign borrowings jump 24% to $9.23 bln in March

The Hindu  

India Inc's external commercial borrowings jumped by over 24 per cent to USD 9.23 billion in March this year, RBI data showed. IRFC raised a total of USD 3.33 billion in three tranches for the purpose of infrastructure development, while ONGC Videsh Rovuma Ltd borrowed USD 1.6 billion for overseas acquisition. Among the top borrowers in the automatic route, Adani …

India Inc's overseas direct investment declines 31% to $1.85 billion in February
3 years, 10 months ago

India Inc's overseas direct investment declines 31% to $1.85 billion in February

The Hindu  

India Inc's overseas direct investment fell by 31% to $1.85 billion in February this year, the RBI data showed. Of the total investment made by Indian companies in foreign markets, $1.36 billion was in the form of loan; $297.37 million comprised as equity investment and the rest of $183.82 million was by way of issuance of guarantee, according to the …

Foreign portfolio investors pump in Rs 22,038 crore in February amid post-Budget cheer
3 years, 11 months ago

Foreign portfolio investors pump in Rs 22,038 crore in February amid post-Budget cheer

Firstpost  

Himanshu Srivastava, associate director, manager research, Morningstar India, attributed the strong inflows in February to “the positive sentiments around the equity markets after the Union Budget” New Delhi: Continuing their buying trend, foreign portfolio investors have pumped in a net Rs 22,038 crore into the Indian markets in February so far amid positive sentiments around the Union Budget. According to …

India Inc's Overseas Investments at $12.25 Billion During Apr-Nov: Report
4 years ago

India Inc's Overseas Investments at $12.25 Billion During Apr-Nov: Report

News 18  

Corporate India has invested USD 12.25 billion overseas during the first eight months of the current fiscal, most of which has gone into the firms' wholly-owned subsidiaries in the US, Singapore or the Netherlands, according to data collated by Care Ratings. In the whole of FY20, total foreign direct investment by domestic companies was USD 13 billion, while FDI inflows …

India Hikes Exposure to US Govt Securities By Nearly $13 Billion in May
4 years, 5 months ago

India Hikes Exposure to US Govt Securities By Nearly $13 Billion in May

News 18  

India's holdings of American government securities increased by nearly $13 billion to $169.9 billion at the end of May, according to latest official data. After marginally rising to $157.4 billion in April, the holdings jumped to $169.9 billion in May, an increase of around $13 billion in a month's time. The country was the 12th largest holder of the American …

Corporate India garners Rs 8.7 lakh cr from domestic, overseas markets in 2019; debt preferred route
5 years ago

Corporate India garners Rs 8.7 lakh cr from domestic, overseas markets in 2019; debt preferred route

Firstpost  

Of the total Rs 6.2 lakh crore mopped up through Indian debt markets, over Rs 6 lakh crore came from the private placement and Rs 16,425 crore through public issuance New Delhi: Marking a major upswing in fundraising activities, Indian companies garnered Rs 8.7 lakh crore from domestic and overseas markets in 2019 – up 20 percent from the previous …

External commercial borrowings of firms jump 50% in April-September
5 years, 2 months ago

External commercial borrowings of firms jump 50% in April-September

Live Mint  

External commercial borrowings of Indian companies jumped nearly 50% in the six months ended 30 September from a year ago, thanks to cheaper overseas funds, easier overseas borrowing norms and weakened local banks. “The constrained and relatively high-cost lending of domestic banks and financial institutions on account of stressed asset quality, heightened risk aversion and strained liquidity conditions has, in …

FPIs stay bullish for third consecutive month; pump Rs 17,219 crore investments in April on favourable macroeconomic conditions
5 years, 8 months ago

FPIs stay bullish for third consecutive month; pump Rs 17,219 crore investments in April on favourable macroeconomic conditions

Firstpost  

FPIs pumped in a net sum of Rs 21,032.04 crore into equities but pulled out a net amount of Rs 3,812.94 crore from the debt market during 1-26 April New Delhi: Foreign investors were net buyers in the Indian capital markets for the third straight month in April, pouring in Rs 17,219 crore on favourable macroeconomic conditions and ample liquidity. …

India Inc is seeking dollar borrowings, but only select firms will find
5 years, 9 months ago

India Inc is seeking dollar borrowings, but only select firms will find

Live Mint  

Mumbai: Indian companies are lining up to seek dollar-denominated debt as global interest rates soften, but only a few are likely to find it as foreign investors remain wary about the credit quality of many, bankers say. Also making offshore debt attractive is that the Reserve Bank of India has eased external commercial borrowings guidelines, and started forward dollar-rupee swap …

ADB cuts its India GDP growth forecast for 2019-20, a day ahead of RBI policy
5 years, 9 months ago

ADB cuts its India GDP growth forecast for 2019-20, a day ahead of RBI policy

Live Mint  

New Delhi: The Asian Development Bank has cut its India GDP growth forecast for 2019-20 to 7.2% because of a slower-than-expected pickup in investment demand. With ADB’s downgrade of India’s growth estimates, the attention shifts to the Reserve Bank of India and the International Monetary Fund, which had earlier projected 7.4% and 7.5% growth, respectively. Rural income and consumption will …

$22 billion gone, yet India’s shadow banks face more dark days
5 years, 10 months ago

$22 billion gone, yet India’s shadow banks face more dark days

Live Mint  

Mumbai: As key engines of loan growth in the world’s fastest-expanding major economy, they once were investor favorites. But a series of missed payments by one of the biggest firms, Infrastructure Leasing & Financial Services Ltd. — once categorised as “systemically important” by the central bank — then roiled India’s stock market. “We believe NBFC growth will disappoint and there …

India’s foreign direct investment inflows fall amid pre-election uncertainty
5 years, 10 months ago

India’s foreign direct investment inflows fall amid pre-election uncertainty

Live Mint  

The flow of foreign direct investment into India is dropping and may suffer its first full-year decline since Prime Minister Narendra Modi came to power in 2014. "Lack of policy certainty along with upcoming elections are two reasons that the reduction in foreign direct investments can be attributed to," said Sachin Taparia, founder of Local Circles, a network of about …

Foreign Portfolio Investors outflow so far crosses Rs 4,000 cr in January
5 years, 11 months ago

Foreign Portfolio Investors outflow so far crosses Rs 4,000 cr in January

India TV News  

Foreign investors have pulled out more than Rs 4,000 crore from the Indian capital markets so far in January, highlighting their cautious stance towards the country. This comes following a collective net inflow of over Rs 17,000 crore in the capital markets -- both equity and debt -- by Foreign Portfolio Investors during November and December. According to data available …

RBI loosens curbs on companies’ offshore borrowing, move seen supporting rupee
5 years, 11 months ago

RBI loosens curbs on companies’ offshore borrowing, move seen supporting rupee

Live Mint  

Mumbai: The Reserve Bank of India relaxed offshore borrowing rules for companies and financial institutions on Wednesday, a move that is likely to boost the rupee exchange rate. In addition, the RBI is also allowing manufacturing companies to raise up to $50 million from overseas lenders for one year compared to the previous minimum maturity rule of three years. “This …

PNB Housing Finance raises $265 million via ECBs
6 years ago

PNB Housing Finance raises $265 million via ECBs

Live Mint  

Mumbai: Punjab National Bank’s home loan subsidiary, PNB Housing Finance, has raised $265 million through external commercial borrowing. With this, PNB Housing FInance has raised $465 million through ECBs during the third quarter, managing director and chief executive Sanjaya Gupta said, adding the forex borrowing has a five-year tenor. He said despite market headwinds, the company also raised about ₹ …

Fund raising via NCDs surges 3-fold to ₹29,300 crore in 2018
6 years ago

Fund raising via NCDs surges 3-fold to ₹29,300 crore in 2018

Live Mint  

New Delhi: Indian companies raised over ₹ 29,300 crore by issuing non-convertible debentures to retail investors in 2018 to meet their business requirements, representing a three-fold surge compare to the preceding year. “Lack of corporate lending appetite by PSU banks combined with attractive yields in the corporate bond markets over bank rates appear to motivate corporates to shift towards market …

India Inc raises ₹6 trillion from equity, debt markets in 2018 : Report
6 years ago

India Inc raises ₹6 trillion from equity, debt markets in 2018 : Report

Live Mint  

New Delhi: Indian companies have raised nearly ₹ 6 lakh crore from equity and debt instruments in 2018, but volatile market conditions brought down the kitty by 30 per cent. Out of the cumulative ₹ 5.9 lakh crore garnered so far this year from capital markets, a large chunk or ₹ 5.1 lakh crore has been mopped up from the …

Air India gets ₹1,000 crore from National Small Savings Fund
6 years, 2 months ago

Air India gets ₹1,000 crore from National Small Savings Fund

Live Mint  

Mumbai: Cash-strapped Air India Ltd has raised ₹ 1,000 crore from the National Small Savings Fund and expects to mop up ₹ 500 crore through short-term borrowings next week, an official at the airline said, on condition of anonymity. “We have received ₹ 1,000 crore by way of loan from the National Small Savings Fund last week. In early September, …

Foreign investors bullish stance continues; inflow at Rs 7,577-crore in August so far
6 years, 4 months ago

Foreign investors bullish stance continues; inflow at Rs 7,577-crore in August so far

India TV News  

Foreign investors have pumped in over Rs 7,500 crore into the Indian capital markets so far this month on better corporate earnings coupled with improvement in crude oil prices. The latest inflow comes following a net infusion of over Rs 2,300 crore in the capital markets, both equity and debt, last month. According to the latest depository data, foreign portfolio …

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